Monday, August 30, 2010

Broken leaders?

Al three stocks were members of the IBD 100 at some point in the Bull Market that started in March 09. Now all three of them are breaking down from head and shoulders topping patterns on heavy volume mean while the overall markets are also acting rather weak. Potential shorts? I am waiting for some sort of "feeble" bounce in the markets to short these stocks in the vicinity of their 50 day MA's as well as major overhead resistance.

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